Waaree Energies" net profit for Q2 FY25 increased by 15% to Rs 362 crore, compared to Rs 315.09 crore in the same quarter last year.

The company had a successful stock market debut, with its shares listing at Rs 2,500, reflecting a premium of 66.3%.

The board recently approved an investment of Rs 600 crore into its wholly owned subsidiaries to improve infrastructure for renewable power projects and expand its bidding pipeline.

Waaree Energies is also considering manufacturing electrolysers for green hydrogen and plans to establish a plant for lithium-ion advanced chemistry storage cells and energy storage systems.

More details about these projects and investments will be disclosed in the next two months, demonstrating the company"s commitment to advancing its renewable energy initiatives.